PMPA Business Trends December 2022 Year End Review and Summary
For the year, our Business Trends Sales Index calendar year average came in at 160- up nineteen points over the 2021 calendar year average of 141, an increase of 13.5 percent. While the monthly index for December softened by ten points or 6.8 percent to 137 from November’s 147 value, it marks the first time that this index came in below 140 for the year. The average for the fourth quarter was 148- showing just how busy our shops have been in this traditionally weakest quarter for sales. This 148 value shows our fourth quarter sales average was seven points or 5 percent higher than the average for the entire 2021 calendar year- despite fourth quarter being our lowest performing period. Sentiment Indicators for first three months of 2023 are encouraging.
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